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Checks Vocabulary

Total questions: 13

Worksheet time: 39mins

Name
Class
Date
1.

What is the defintion of Bank

a)

A company that is owned by its stockholders and provides savings and checking accounts and other financial services to its customers

b)

Written order directing a bank or credit union to pay a person or business a specific sum of money.

c)

A check that’s written from a personal checking account

d)

a sum of money placed in or kept in a bank account

2.

What vocabulary word matches the following definition:

Written order directing a bank or credit union to pay a person or business a specific sum of money.

a)

Bank

b)

Deposit

c)

Check

d)

Debit card

3.

A personal check is ..

a)

A check that’s written from a personal checking account

b)

A check that’s written from a business checking account

c)

a book of blank checks

d)

a debit card immediately withdraws funds from the user’s bank account.

4.

A business check is ..

a)

A check that’s written from a business checking accounv

b)

A check that’s written from a personal checking account

c)

a book of blank checks

d)

Written order directing a bank or credit union to pay a person or business a specific sum of money

5.

Which of the following is the purpose of using checks?

a)

To make payments and transfer money

b)

To pay later

c)

To keep money in your account

6.

What vocabulary word matches the following definition:

a sum of money placed in or kept in a bank account

a)

Deposit

b)

Checkbook

c)

Check

d)

Bank

7.

Payment is..

a)

the transfer of money to get something

b)

a book of blank checks

c)

A check that’s written from a personal checking account

d)

A company that is owned by its stockholders and provides savings and checking accounts and other financial services to its customers.

8.

A checkbook is ...

a)

a book of blank checks

b)

a sum of money placed in or kept in a bank account

c)

A check that’s written from a business checking account

d)

Written order directing a bank or credit union to pay a person or business a specific sum of money

9.

A debit card ..

a)

immediately withdraws funds from the user’s bank account

b)

A company that is owned by its stockholders and provides savings and checking accounts and other financial services to its customers

c)

a book of blank checks

d)

A check that’s written from a business checking account

10.

To endorse means...

a)

To sign the back of a check to make it payable to the specified payee

b)

Write a check

c)

Pay the bank

11.

A check register is ...

a)

is a document on which is states the payment dates, check numbers, payment amounts, and payee names for all check payments

b)

To sign the back of the check

c)

To pay the bank

12.

True or False: Debit cards help to avoid the need to carry large amounts of cash

a)

True

b)

False

13.

True or False : Credit cards take the money out of your account right away

a)

True

b)

False